SACRAMENTO, Calif. – Eleven credit unions have made special offers to provide state employees with short-term credit, as the state is withholding $3.3 billion in payments to stem a gaping budget deficit.

SAN DIMAS, Calif. – WesCorp FCU reported Monday it will be unable to post its completed financial results for 2008 until later in the first quarter as its struggles to assess fair values for its $544 million of ten troubled collateralized debt obligations, better known as CDOs.

ALEXANDRIA, Va. – NCUA officials said yesterday the agency is hoping that economy will improve in the coming months and improve the condition for corporate credit unions by the end of the year so the cost of the agency’s proposed bailout of the corporates could be less than the projected $4.7 billion.

MADISON, Wis. – The Filene Research Institute, in conjunction with Ohio University and a handful of credit unions, is poised to launch a new way of teaching young people–so-called Gen Yers--real financial skills such as evaluating a car loan, paying rent on a budget, and using investment tools to plan for the future via a three-dimensional Internet application.

GLENDALE, Ariz. – Arizona State CU is the latest credit union to launch a mobile banking option for its members.

BIRMINGHAM, Ala. – Alabama Telco CU said yesterday it plans to open its ninth Birmingham area branch next month in Helena.

FORT WORTH, Texas – American Airlines FCU has moved its credit card processing to PSCU Financial Services.

NORTH CHARLESTON, S.C. – South Carolina FCU began a search yesterday for a paid Generation Y spokesman, someone who personifies and can connect with the state's 18-to-25-age group via a new Web site that will offer financial tips and money-management strategies relevant to the demographic.

DES MOINES – Gov. Culver signed legislation yesterday that will provide $250,000 in state funding for nine credit unions to develop Individual Development Accounts to victims of last year’s flooding.

ROCKVILLE, Md. – Realtors FCU, vying to become the first Internet-only credit union, said yesterday it has signed with American Technology Services to host its website.

SAN DIEGO – An Islamic civic rights group has asked the Department of Justice to investigate whether Navy FCU violated a Muslim woman's civil rights when it denied her service because she was wearing a religiously-mandated head scarf, or hijab.

PLANO, Texas – Southwest Corporate FCU reported yesterday it realized more losses in December, creating a $7.9 million loss for 2008.

ALEXANDRIA, Va. – Criticism was building yesterday of NCUA’s $5 billion corporate credit union rescue plan, which industry experts are predicting will wipe out all credit union profits for this year.

ALEXANDRIA, Va. — Widespread opposition was building last week among both healthy and troubled credit unions to NCUA's $5 billion corporate credit union rescue plan announced earlier in the week.

HAMPTON, Va. – An unidentified man made off with a box of cash during a snatch-and-grab-type robbery at a Langley FCU last Thursday morning.

WILKES BARRE, Penn. – Cross Valley FCU has wrapped several ATMs with colorful artwork and its logo to promote itself as a community credit union serving members throughout Luzerne, Lackawanna, and Wyoming counties.

KENNEWICK, Wash. – Numerica CU said it using new technology to originate mortgage loans that saves members money and is more environmentally friendly.

ROCKVILLE, Md. – MCT FCU has added fixed-rate mortgage loans and adjustable rate mortgage loans to its loan product suite, in partnership with CU Members Mortgage.

SOUTHFIELD, Mich. Peoples Trust CU said it has signed with Integrated Media Management to install the company’s TotaleAtlas, TotaleReceipts and Teller Item Capture solutions.

JAY, Me. – Otis FCU said it paid its members a 7% bonus amounting to $450,000 for 2008.